TriMas Corp (NASDAQ:TRS) Given Consensus Rating of “Buy” by Analysts

TriMas Corp (NASDAQ:TRS) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.50.

A number of equities analysts recently commented on TRS shares. BidaskClub raised TriMas from a “hold” rating to a “buy” rating in a research note on Monday, June 10th. Wells Fargo & Co increased their price target on TriMas from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of TriMas in a research note on Monday, February 25th.

In other TriMas news, Director Nancy Gougarty sold 8,037 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $30.33, for a total transaction of $243,762.21. Following the sale, the director now directly owns 24,403 shares in the company, valued at $740,142.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas A. Amato sold 14,991 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $30.64, for a total value of $459,324.24. Following the sale, the insider now owns 117,713 shares in the company, valued at $3,606,726.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,383 shares of company stock valued at $1,649,389. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC raised its holdings in shares of TriMas by 1,552.0% in the first quarter. Quantamental Technologies LLC now owns 1,619 shares of the industrial products company’s stock worth $49,000 after buying an additional 1,521 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of TriMas by 54.4% in the first quarter. Nisa Investment Advisors LLC now owns 2,270 shares of the industrial products company’s stock worth $69,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TriMas by 70.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,755 shares of the industrial products company’s stock worth $102,000 after buying an additional 1,556 shares during the period. Toronto Dominion Bank raised its holdings in shares of TriMas by 49.3% in the fourth quarter. Toronto Dominion Bank now owns 3,799 shares of the industrial products company’s stock worth $104,000 after buying an additional 1,255 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of TriMas in the fourth quarter worth approximately $126,000. Institutional investors and hedge funds own 97.81% of the company’s stock.

NASDAQ TRS opened at $29.59 on Monday. The stock has a market capitalization of $1.35 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.86 and a quick ratio of 1.61. TriMas has a twelve month low of $25.18 and a twelve month high of $33.45.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $221.29 million during the quarter, compared to analyst estimates of $225.12 million. TriMas had a return on equity of 13.54% and a net margin of 8.86%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities research analysts predict that TriMas will post 1.91 earnings per share for the current fiscal year.

About TriMas

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

Featured Story: If I purchase shares through a brokerage account, am I the holder of record?

Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.